Asia's Market Surge: Wall Street Trapped in Trade War's Lingering Shadow
Asian markets showed resilience on Good Friday, trading mostly higher despite a volatile session on Wall Street. The Dow industrials experienced a notable decline of 1.3%, primarily driven by UnitedHealth's significant stock drop of over 20% following a disappointing quarterly profit report.
In a bright spot for the region, Taiwan's Taiex index surged by 0.8%, with technology stocks gaining ground. The momentum was largely fueled by Taiwan Semiconductor Manufacturing Co.'s latest quarterly results, which met analysts' expectations. The global semiconductor giant provided additional reassurance to investors by reporting that it has not observed any substantial reduction in customer activity related to the ongoing trade tensions between the United States and China.
This positive development suggests that some tech companies are navigating the complex geopolitical landscape more effectively than initially anticipated, offering a glimmer of hope for investors concerned about the potential economic fallout from international trade disputes.